CCL: Explanation for business result in Q3.2011
Cuu Long Petro Urban Development and Investment Corporation (HOSE: CCL) explained the down-ten-percent difference in business result between QIII/2011 and QIII/2010:
Unit: VND
Items |
QIII/2011 |
QIII/2010 |
Ratio (%) |
Total revenue |
16,394,065,058 |
87,279,357,574 |
18.78 |
Total expenses |
13,184,881,288 |
61,266,095,503 |
21.52 |
Total profit before tax |
3,209,183,770 |
25,977,473,603 |
12.35 |
Profit after tax |
2,786,312,261 |
19,854,525,775 |
14.03 |
- Reason: In 2011, the financial situation difficult for business real estate, but business activities of the company has steadily increased in 2011. However, the items of QIII/2011 was lower than the same period of last year because in 2011 the 5A project was positively evaluated in contributing to expansion Soc Trang city, which attracts investors to sales increased in the end 2010 to 2011.
HNX
|